Toyota’s luxury arm Lexus is reportedly developing a new two-seat luxury sports coupe to be launched in 2009 for the Japanese, European, and U.S. markets. Japan’s Nihon Keizai Shimbun said that the coupe will be based on the LF-A concept car which Lexus displayed at the 2005 NAIAS in Detroit. The LF-A concept car has a 5-liter V-10 engine and Formula One racing technology. If launched, the new luxury sports coupe will become the priciest model in Toyota’s vehicle lineup. As customary in Japanese newspapers, the Shimbun did not cite sources. As of press time, Toyota has yet to confirm these reports.